ZaZa Energy Enters $7.5 Million Transaction

ZaZa Energy Corp. (NASDAQ: ZAZA) entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office, the company said July 21.The proceeds will fund additional East Texas development and lease acquisitions, ZaZa said.The investment will be made in two phases, ZaZa said, noting that the first phase closed July 21. There was a total of $5 million in proceeds in exchange for some of ZaZa’s common stock, priced at 83 cents each, the company added.The exchange included 0.6 warrants for every share, the...